Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.009%

Price spread now: Variational Omni against tradeXYZ+0.075%7-day average +0.073% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.075%, 7d avg +0.073%

Together, before fees−0.029%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	66.074	0.0133	pay 0.0017% / 1h	36m 04s	$165.4M	$73.9M	25x
Short	Variational Omni XAG	66.123	0.0210	get 0.0105% / 4h	36m 04s	$5.6M	$9.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.075%Rate

Funding earned: $16.21
Price spread: +0.075% → +0.073%: $0.22
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.57
Costs to cover: 0.180%
Break-even: 7.7 days

Slippage unknown: tradeXYZ: live order book, 4 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy tradeXYZ live order book, 4 min ago	0.15 bp	9.5 bp −$9	9.6 bp −$96	11.2 bp −$1,116	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.56 bp	doesn't fit	3.2 bp −$32	doesn't fit	doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.085	+0.017%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.070%	$150.0M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	+0.115%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.140	+0.100%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.070%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.065	−0.014%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.094	+0.030%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.063	−0.017%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.493%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.130	+0.085%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.567	+0.746%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.098	+0.036%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.044	−0.045%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.067%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.130	+0.085%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.074	0.000%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0069%	24h	66.104	+0.045%	$514K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.078	+0.006%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	+0.054%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.021%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.106	+0.048%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0133%	1h	66.074	long leg	$165.4M	$73.9M	25x
RISEx XAG/USDC	+0.0137%	1h	66.139	+0.099%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0147%	4h	66.128	+0.082%	$2.7M	$877K	100x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.124	+0.076%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0156%	4h	66.130	+0.085%	$27.0M	$36.2M	150x	as long as short
Nado XAG-PERP	+0.0192%	1h	66.093	+0.029%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.101	+0.041%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.129	+0.083%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.085%	$1.8M	$999K	20x	as long as short
Variational Omni XAGshort	+0.0210%	4h	66.123	+0.075%	$5.6M	$9.7M	—
Binance XAGUSDT	+0.0218%	4h	66.110	+0.054%	$192.7M	$701.1M	100x	as long as short
MEXC SILVER_USDT	+0.0218%	4h	66.110	+0.054%	$109.2M	$152.4M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.110	+0.055%	$80K	$37K	10x	as long as short
edgeX XAGUSDC	+0.0231%	4h	66.127	+0.080%	$671K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.120	+0.070%	$27.8M	$65.4M	50x	as long as short
BloFin XAG-USDT	+0.0251%	4h	66.160	+0.130%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0260%	4h	66.110	+0.054%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.144	+0.106%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0311%	1h	66.146	+0.109%	$45K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.110	+0.054%	$62K	$348K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	66.080	+0.009%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0375% / S −0.0409%	1h	66.135	+0.092%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.094	+0.030%	$912K	$676K	25x	as long as short